Why hire an interim leader?
Whether adapting to new strategic directions or responding to unforeseen departures, hiring an interim leader swiftly grants your organization flexible access to expertise and experience.
An interim leader takes on a crucial leadership role for a set period. Much like permanent leaders, their mandate may involve managing operations, overseeing personnel, creating budgets, and guiding the organization’s mission and growth trajectory. Interim leaders not only focus on current initiatives but also lay the groundwork for their successor, considering the overall well-being of the organization.
When should an organisation hire an interim leader?
- In some cases, a key individual in the company may take extended leave or depart unexpectedly. Despite robust succession planning, such unexpected changes can disrupt operations. While the process of hiring a replacement could span several months, an interim manager can step in to maintain team motivation and keep everyone on track.
- During a period of significant growth, when your organization is expanding rapidly, opening new offices, and acquiring new clients, your existing team may require additional support. An interim leader can seamlessly take charge of a new office, mobilize a fresh team, or ensure smooth operations with existing clients while changes are underway.
- Given the constant flux of cultural, digital, process, and organisational changes in today’s ever-changing business landscape, companies often require assistance in streamlining the integration of new approaches. Interim leaders play a crucial role in helping teams adapt and transition with minimal disruption.
Interim leadership for mission critical projects
With a consistent rise in demand over the past decade, the ability to hire experts on a contract basis offers companies necessary flexibility in uncertain times. Interim leadership has evolved from being perceived solely as a temporary placeholder during absences or vacancies to a strategic tool utilized by organizations to implement change. A remarkable interim leader possesses a true passion for team leadership. They excel in establishing a compelling strategic vision, rallying teams around it, executing plans effectively, and evaluating outcomes.
What are the benefits of interim management?
- No upfront recruitment fees are involved when hiring an Interim leader
- Interim leaders can commence their roles immediately, minimising delays
- They are impartial professionals who focus on identifying and rectifying the root causes of problems
- They bring deep expertise to the table, enabling them to tackle their assigned responsibilities quickly and effectively
- Experienced Interim leaders possess a wealth of best practices from previous assignments, enabling them to guide, advise, and implement actions to achieve assignment objectives.
- Interim leaders offer a high return on investment, often delivering more value to the organization than the total cost of their assignment.
- They bring peripheral benefits such as staff coaching and mentoring, leveraging their extensive business experience.
- Interim assignments incur no redundancy or exit costs for the organization
If you are interested in finding out how you can benefit from working with an Interim professional, please reach out to chris.scherer@bmes.com. We would be happy to consult with you on the current market and taking the next steps in interim hiring.
